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Dec 5, 2012
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president obama's does. if we have done nothing on the entitlements, and that is worse than doing $4 trillion and having some systemic reform kicking in over the next few decades, so i think it is important. when we say stabilizing the debt, we need stabilizing it, not just for a few years and then having demographics again, ideally putting it on a path towards -- >> if you look at the president's plan, it does not meet my standard. he has not gone far enough. i agree. he has fallen short on spending. he has got it on revenue or pretty close. he has got three more to get the trajectories stable moving south as we go into the second tenures. -- tenures of the long term horizon. >> all or ones, i can think it is just way too much for any realistic expectation, and, absolutely, they should adjust these issues. they should experiment. i would hate to have the economy right now, the economy over the next 5 to 10 years, held hostage because they cannot agree on what help reforms are going to -- on what health refo
president obama's does. if we have done nothing on the entitlements, and that is worse than doing $4 trillion and having some systemic reform kicking in over the next few decades, so i think it is important. when we say stabilizing the debt, we need stabilizing it, not just for a few years and then having demographics again, ideally putting it on a path towards -- >> if you look at the president's plan, it does not meet my standard. he has not gone far enough. i agree. he has fallen short...
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Dec 5, 2012
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it is true that president obama won reelection. i congratulate him on his victory. on january 20, he will face a stagnant economy and a fiscal mess. you might say he will inherit these problems. [laughter] [applause] in his second term, i hope he will offer fresh ideas. failure will mean four more years. we have work to do. serious solutions for serious reforms, we thank him for doing that. [applause] the election did not go our way. the republican party cannot make excuses. we cannot have the next four years on the sidelines. we need to apply our timeless principles to the challenges of the day. our party excels at representing that part of the american idea that speaks to the aspirations of our nation's risk-takers. we celebrate that part involves finding a passion and making a living from it. there is another part of the american creed. when our neighbors are struggling, we look out for one another. we take care of those who are suffering in the midst of our families come alive, and communities. we do that best to our families, communities, and our party must and
it is true that president obama won reelection. i congratulate him on his victory. on january 20, he will face a stagnant economy and a fiscal mess. you might say he will inherit these problems. [laughter] [applause] in his second term, i hope he will offer fresh ideas. failure will mean four more years. we have work to do. serious solutions for serious reforms, we thank him for doing that. [applause] the election did not go our way. the republican party cannot make excuses. we cannot have the...
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Dec 5, 2012
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john boehner and president obama. david, i see you smiling down there. >> i was waiting for judd to jump in. he is the one that convinced me. >> ultimately, i think they have gotten more than they can handle. the revenue targets they need to reach, the spending targets they need to reach now are enormous, but if you look down the road, in particular at health care spending, given the discussion we had before, we can do everything we want to try to control health-care spending, but another way to help control health care spending is earmarked a value-added tax toward revenue which would have much was spent, how much people have to pay in taxes, it would eliminate their regressivity of that, and it would, using a pun, inoculate the deficit from uncertainty about health-care reform. health care reform will take a long time. it is more complicated than tax reform. we have had one major tax reform in the last 50 years, thanks to senator packwood and others. health-care reform is going to take a long time. we cannot wait to
john boehner and president obama. david, i see you smiling down there. >> i was waiting for judd to jump in. he is the one that convinced me. >> ultimately, i think they have gotten more than they can handle. the revenue targets they need to reach, the spending targets they need to reach now are enormous, but if you look down the road, in particular at health care spending, given the discussion we had before, we can do everything we want to try to control health-care spending, but...
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Nov 29, 2012
11/12
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last week we talked about how the obama campaign one. this week we will talk about an important issue for conservatives and republicans. we appreciate bank of america's partnership throughout. we are going to bring you into the conversation. good morning, grover norquist. thank you very much. grover is very attached to his bad. >> they told me it was to streamline appeared for the bag. thank you for coming up. can republicans raise taxes? >> it is difficult. >> so not know? >> close to know. the republicans have built a brand as a party that will not raise your taxes. the pledge does not change over time, it does not change across state lines. in the past it was difficult to say to somebody, oh, i will not raise your taxes. why would we not believe you. the democrat also said it is not the time to raise taxes. the pledge it takes the weasel words out and says, i will go to the state capital, the legislators, congressman, i will reform government. it tells you an awful lot of what you want to know about an elected the official if they mak
last week we talked about how the obama campaign one. this week we will talk about an important issue for conservatives and republicans. we appreciate bank of america's partnership throughout. we are going to bring you into the conversation. good morning, grover norquist. thank you very much. grover is very attached to his bad. >> they told me it was to streamline appeared for the bag. thank you for coming up. can republicans raise taxes? >> it is difficult. >> so not know?...
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Nov 30, 2012
11/12
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. >> based on the meeting with secretary geithner or your phone call with president obama 09 -- obama side, can you tell us something about that phone call? >> we had a very nice conversation last night. it was direct and straightforward. but the assessment i give you today would be a product of both of those conversations. >> how much would you be open to the idea of discretionary spending cuts as far as a down payment to get to a long-range solution on entitlements? >> there are a lot of options on the table, including that one. >> you are acknowledging that there will. >> the day after the election, i came here and i made it clear that republicans would put revenue on the table as a way to begin to move the process to get this resolved. >> right, so my question is what message do you have for people who are in the negotiating position or believe that it is inevitable that you have to accept some compromise on taxes? >> revenue is on the table. but revenue was only on the table if there were serious spending cuts as part of this agreement. we have a debt crisis. we're spending too m
. >> based on the meeting with secretary geithner or your phone call with president obama 09 -- obama side, can you tell us something about that phone call? >> we had a very nice conversation last night. it was direct and straightforward. but the assessment i give you today would be a product of both of those conversations. >> how much would you be open to the idea of discretionary spending cuts as far as a down payment to get to a long-range solution on entitlements? >>...
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Nov 30, 2012
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. >> president obama hosted mitt romney for lunch on monday. gov. romney is said to have congratulated the president and the two ate lunch and had a discussion that lasted an hour. >> congressional historian norma rnstein explains why congress is pursuing. >> the program began, he was when the the advises, to document the conditions under which people were living. this was when we did not have television. we had radio, but a lot of places didn't have electricity. they cannot listen to the radiobroadcast. an economist from columbia was the head of this project. 1939 when kodak introduced color film, they sent found to have as photographers try out and see what they could do. kodak was trying to establish a new market and product. they wanted people who would know how to use it effectively to try it out and publicize it. . your testimony. [captions copyright national cable satellite corp. 2012] [captioning performed by national captioning institute] >> one of the things i was trying to explore, and i know you have been discussing -- we have this inter
. >> president obama hosted mitt romney for lunch on monday. gov. romney is said to have congratulated the president and the two ate lunch and had a discussion that lasted an hour. >> congressional historian norma rnstein explains why congress is pursuing. >> the program began, he was when the the advises, to document the conditions under which people were living. this was when we did not have television. we had radio, but a lot of places didn't have electricity. they cannot...
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Dec 6, 2012
12/12
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president obama wants it to go back to the 20% rate. dividend taxes are on dividends that are paid out by companies. george w. bush wanted to follow parity, that they should be taxed at the same rate. what would happen when the tax rates expire, the capital gains rate would go up 20%. the dividend rate would go to 39.6%. there would be a big gap there. they want to maintain that parity and to find something between 15% and almost 40%. why is this a battle? guest: it is a big deal for the fight over income inequality. democrats have long targeted the capital gains tax as something that makes the tax code less regressive and increases in a quality. a lot of wealthy people make money through investments. it is a big issue for corporations and investors who feel corporations are already taxed and you're essentially putting another tax. host: who pays the capital gains tax? guest: if you buy a stock and make money, you are paying it. it tends to hit upper income earners more. anybody in the stock market will be paying that. host: if your pen
president obama wants it to go back to the 20% rate. dividend taxes are on dividends that are paid out by companies. george w. bush wanted to follow parity, that they should be taxed at the same rate. what would happen when the tax rates expire, the capital gains rate would go up 20%. the dividend rate would go to 39.6%. there would be a big gap there. they want to maintain that parity and to find something between 15% and almost 40%. why is this a battle? guest: it is a big deal for the fight...